Toyota Explores Blockchain to Tokenize Car Ownership

Toyota is pioneering the financialization of vehicle assets through blockchain technology. The automaker's newly proposed Mobility Orchestration Network (MON) WOULD create a digital ledger tracking comprehensive car data—from manufacturing to maintenance—transforming physical vehicles into tradable tokenized assets.

Each car would be represented by an NFT containing its complete history, enabling valuation without physical inspection. The system particularly targets emerging mobility sectors: electric vehicles, autonomous taxis, and commercial fleets stand to benefit most from this digitized ownership structure.

Toyota's vision extends beyond simple ownership transfers. The WHITE paper suggests portfolios of vehicle NFTs could be traded, creating new financial instruments in the automotive market. This move signals growing institutional recognition of blockchain's potential to revolutionize traditional asset classes.